BNP Paribas Financial Markets Has $11.90 Million Position in Qifu Technology, Inc. (NASDAQ:QFIN)

BNP Paribas Financial Markets lessened its holdings in shares of Qifu Technology, Inc. (NASDAQ:QFIN) by 16.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 309,984 shares of the company’s stock after selling 60,483 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.20% of Qifu Technology worth $11,897,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in QFIN. Wrapmanager Inc. raised its holdings in shares of Qifu Technology by 4.1% during the 4th quarter. Wrapmanager Inc. now owns 7,554 shares of the company’s stock valued at $290,000 after purchasing an additional 296 shares in the last quarter. Global Retirement Partners LLC increased its position in Qifu Technology by 80.2% during the fourth quarter. Global Retirement Partners LLC now owns 1,164 shares of the company’s stock worth $45,000 after buying an additional 518 shares during the last quarter. DGS Capital Management LLC raised its holdings in Qifu Technology by 5.9% during the fourth quarter. DGS Capital Management LLC now owns 11,413 shares of the company’s stock valued at $438,000 after buying an additional 631 shares in the last quarter. GeoWealth Management LLC acquired a new stake in shares of Qifu Technology in the fourth quarter worth about $26,000. Finally, Jones Financial Companies Lllp bought a new stake in shares of Qifu Technology during the 4th quarter worth about $29,000. 74.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Bank of America boosted their target price on Qifu Technology from $50.66 to $52.70 and gave the stock a “buy” rating in a report on Wednesday, March 26th.

Qifu Technology Price Performance

Shares of QFIN opened at $42.56 on Friday. The company has a market capitalization of $6.71 billion, a PE ratio of 8.62, a price-to-earnings-growth ratio of 0.32 and a beta of 0.53. Qifu Technology, Inc. has a one year low of $18.13 and a one year high of $48.94. The company’s fifty day moving average price is $41.21 and its 200 day moving average price is $38.94.

Qifu Technology (NASDAQ:QFIN) last posted its quarterly earnings data on Sunday, March 16th. The company reported $1.82 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.14. The business had revenue of $613.89 million for the quarter, compared to analyst estimates of $581.67 million. Qifu Technology had a return on equity of 24.39% and a net margin of 31.82%. Analysts anticipate that Qifu Technology, Inc. will post 5.71 earnings per share for the current year.

Qifu Technology Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Monday, June 2nd. Stockholders of record on Wednesday, April 23rd will be given a $0.70 dividend. This represents a dividend yield of 2.5%. This is a boost from Qifu Technology’s previous semi-annual dividend of $0.60. The ex-dividend date is Wednesday, April 23rd. Qifu Technology’s dividend payout ratio is currently 23.79%.

Qifu Technology Company Profile

Qifu Technology, Inc, through its subsidiaries, operates credit-tech platform under the 360 Jietiao brand in the People's Republic of China. It provides credit-driven services that matches borrowers with financial institutions to conduct customer acquisition, initial and credit screening, advanced risk assessment, credit assessment, fund matching, and other post-facilitation services; and platform services, including loan facilitation and post-facilitation services to financial institution partners under intelligence credit engine, referral services, and risk management software-as-a-service.